SocialFi application protocol Friend.tech (FRIEND) says it’s leaving Coinbase’s Base chain to develop its own network. In a new thread, the team behind the social finance platform says that it will be partnering up with Conduit, a firm that provides Ethereum (ETH) rollups, to work on Friendchain, its very own blockchain that will utilize FRIEND […]
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Decentralized social media platform Friend.tech has announced it will be teaming up with Conduit to develop its own blockchain, Friendchain.
Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?”
“No hate, just a genuine question, What is the value proposition of a social-focused chain?,” crypto trader Dr. Jojipup asked in reply to Friend.tech’s June 8 announcement on X, explaining that it will be working with crypto infrastructure startup Conduit to launch its very own blockchain. Friend.tech added that it will use its native token, Friend (FRIEND), as a "fully transferable gas token."
“Why do you need a blockchain?” added pseudonymous crypto commentator ox0, while co-founder of gas-auditing firm Gaslite, Pop Punk, commented,“why.”
